Email
Print
Mealworm/Mealworm Protein Market – By Product (Whole Mealworm, Mealworm Meal, Mealworm Powder, Other), By Distribution Channel (Online, Offline), By Application (Animal Feed, Aquafeed, Pet Food, Food & Beverages, Other), By End Use (Animal Nutrition, Human Consumption, Other), By Geography - Global Opportunity Analysis & Industry Forecast, 2023-2030
Mealworm/Mealworm Protein Market Overview:
The Mealworm/Mealworm Protein Market size is estimated to reach $1.3 million by 2030, growing at a CAGR of 25% during the forecast period 2023-2030. Mealworms are not only sustainable but also highly nutritious. They are a rich source of essential nutrients, including protein, healthy fats, and various vitamins and minerals. These larvae are particularly prized for their protein content, making them an attractive option for protein supplementation. Mealworms are not only suitable for animal feed but are increasingly being utilized in human food products, such as protein bars and snacks, due to their impressive nutritional profile.
The mealworms market has undergone significant transformation in recent years, driven by changing consumer preferences and growing awareness of sustainability issues. Mealworms have emerged as a promising source of alternative protein, offering a sustainable and nutritionally rich option for various industries, including animal and human food production, as well as pharmaceuticals and research applications.
The global demand for alternative protein sources has been on the rise due to multiple factors. One of the most significant drivers is the increasing awareness of the environmental impact of traditional livestock farming. Mealworms offer a sustainable protein source that requires substantially less land, water, and food resources compared to traditional livestock. Furthermore, mealworm cultivation generates fewer greenhouse gas emissions and minimizes pollution, making it an attractive option for environmentally conscious consumers and industries.
Mealworm/Mealworm Protein Market - Report Coverage:
The “Mealworm/Mealworm Protein Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Mealworm/Mealworm Protein Market.
Mealworm/Mealworm Protein Market - Top Trends
Rising Popularity of Alternative Proteins: As people become more health-conscious and environmentally aware, there's a growing preference for alternative protein sources like mealworms. This trend is driven by concerns over the environmental impact of traditional livestock farming and a desire for more sustainable protein options.
Diversification of Mealworm-Based Products: The market is witnessing a surge in the development of diverse mealworm-based products. These include protein bars, snacks, powders, and mealworm flour, which cater to a wide range of dietary preferences and culinary innovations.
Increased Investment in Mealworm Farming: Investors are recognizing the potential of mealworm farming as a sustainable business. This influx of capital is leading to advancements in farming techniques, automation, and scalability, which, in turn, are boosting production efficiency.
Regulatory Support and Recognition: Regulatory agencies are increasingly acknowledging the importance of the mealworm market. They are adapting their policies to accommodate the growth of this industry and ensure product safety and quality. While the FDA has not implemented any regulations surrounding mealworm, or even insect, protein, the European Union has been a step ahead and implemented in January 2018, a regulation that covers the approval process for novel foods, including insect-based foods like mealworms. It outlines the safety assessment and authorization procedures for placing novel foods on the EU market. This has led to Europe becoming a hotbed for usage of mealworm protein compared to other markets.
Consumer Education and Acceptance: The industry is focusing on consumer education to overcome the initial barriers to acceptance. Informing consumers about the nutritional benefits of mealworms and their role in sustainable nutrition is a key driver of this trend.
The Mealworm/Mealworm Protein Market - Company Analysis
The mealworm market is rapidly evolving, driven by increasing consumer demand for sustainable and nutritious protein sources. These companies are actively contributing to the growth and development of the mealworm and mealworm protein market. Their efforts include not only producing mealworms but also innovating in areas such as processing, marketing, and product development. The mealworm market continues to evolve as consumer awareness and acceptance of insect-based protein sources increase, and these companies are at the forefront of this transformative industry.
Ÿnsect: Ÿnsect is a pioneering company in the mealworm farming sector, focusing on large-scale insect production. They provide mealworms for a variety of applications, including animal feed, pet food, and agricultural fertilizers. Their sustainable approach and commitment to quality have made them a significant player in the industry.
Livin Farms: Livin Farms focuses on insect-based products for the human food market. They have developed innovative mealworm farming devices for home and small-scale insect cultivation, contributing to the consumer-driven trend of sustainable protein sources.
Mealfood Europe S.r.l: MealFood Europe is involved in the production and processing of edible insects, including mealworms. They offer a range of mealworm-based food products, such as mealworm snacks, mealworm-based pasta, and mealworm protein powder for human consumption.
Entofood: Entofood is a Malaysian company focused on mealworm farming for sustainable insect protein production. Their products primarily target animal feed applications.
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies players in the Mealworm/Mealworm Protein Market adopt. The top 10 companies in Mealworm/Mealworm Protein Market are listed below:
1. MealFood Europe S.L.
2. Livin Farms Gmbh
3. Jimini's
4. Entofood
5. Protix
6. Ÿnsect
7. Protifarm
8. BioFlyTech
9. Tiny Farms
10. Beta Hatch
Scope of the Report:
1. Mealworm/Mealworm Protein Market Overview
1.1 Definitions and Scope
2. Mealworm/Mealworm Protein Market– Executive Summary
3. Mealworm/Mealworm Protein Market– Market Landscape
3.1 Company Benchmarking – Key Companies
3.2 Key Company Financial Analysis
3.3 Market Share Analysis – Key Companies
3.4 Patent Analysis
3.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Mealworm/Mealworm Protein Market– Startup Company Scenario (Premium)
4.1 Investment
4.2 Revenue
4.3 Venture Capital and Funding Scenario
5. Mealworm/Mealworm Protein Market– Market Entry Scenario Premium (Premium)
5.1 Regulatory Scenario
5.2 New Business and Ease of Doing business index
5.3 Case Studies of Successful Ventures
6. Mealworm/Mealworm Protein Market– Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porter’s Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Customers
6.3.3 Threat of New Entrants
6.3.4 Rivalry Among Existing Players
6.3.5 Threat of Substitutes
7. Mealworm/Mealworm Protein Market– Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle Analysis
8. Mealworm/Mealworm Protein Market– By Product (Market Size - $Million/$Billion)
8.1 Whole Mealworm
8.1.1 Key Market Trends, Growth Factors and Opportunities
8.1.2 Market Size & Forecast by Region
8.2 Mealworm Meal
8.2.1 Key Market Trends, Growth Factors and Opportunities
8.2.2 Market Size & Forecast by Region
8.3 Mealworm Powder
8.3.1 Key Market Trends, Growth Factors and Opportunities
8.3.2 Market Size & Forecast by Region
8.4 Others
9. Mealworm/Mealworm Protein Market– Distribution Channel (Market Size - $Million/$Billion)
9.1 Online
9.1.1 Key Market Trends, Growth Factors and Opportunities
9.1.2 Market Size & Forecast by Region
9.2 Offline
9.2.1 Key Market Trends, Growth Factors and Opportunities
9.2.2 Market Size & Forecast by Region
10. Mealworm/Mealworm Protein Market– By Application (Market Size - $Million/$Billion)
10.1 Animal Feed
10.1.1 Key Market Trends, Growth Factors and Opportunities
10.1.2 Market Size & Forecast by Region
10.2 Aquafeed
10.2.1 Key Market Trends, Growth Factors and Opportunities
10.2.2 Market Size & Forecast by Region
10.3 Pet Food
10.3.1 Key Market Trends, Growth Factors and Opportunities
10.3.2 Market Size & Forecast by Region
10.4 Food & Beverages
10.4.1 Key Market Trends, Growth Factors and Opportunities
10.4.2 Market Size & Forecast by Region
10.5 Others
11. Mealworm/Mealworm Protein Market– By End Use (Market Size - $Million/$Billion)
11.1 Animal Nutrition
11.1.1 Key Market Trends, Growth Factors and Opportunities
11.1.2 Market Size & Forecast by Region
11.2 Human Consumption
11.2.1 Key Market Trends, Growth Factors and Opportunities
11.2.2 Market Size & Forecast by Region
11.3 Others
12. Mealworm/Mealworm Protein Market– by Geography (Market Size - $Million/$Billion)
12.1 North America
12.1.1 U.S.
12.1.2 Canada
12.1.3 Mexico
12.2 Europe
12.2.1 Germany
12.2.2 France
12.2.3 U.K.
12.2.4 Italy
12.2.5 Spain
12.2.6 Russia
12.2.7 Rest of Europe
12.3 Asia-Pacific
12.3.1 China
12.3.2 Japan
12.3.3 South Korea
12.3.4 India
12.3.5 Australia & New Zealand
12.3.6 Rest of Asia-Pacific
12.4 South America
12.4.1 Brazil
12.4.2 Argentina
12.4.3 Chile
12.4.4 Colombia
12.4.5 Rest of South America
12.5 Rest of the World
12.5.1 Middle East
12.5.2 Africa
13. Mealworm/Mealworm Protein Market– Market Entropy
13.1 New product launches
13.2 M&A’s, collaborations, JVs and partnerships
14. Mealworm/Mealworm Protein Market– Industry Competition Landscape (Premium)
14.1 Market Share Analysis
14.1.1 Market Share by Technology – Key Companies
14.1.2 Market Share by Country – Key Companies
14.1.3 Market Share by Region – Key Companies
14.2 Competition Matrix
14.3 Best Practices for Companies
15. Mealworm/Mealworm Protein Market– Key Company List by Country Premium (Premium)
16. Mealworm/Mealworm Protein Market– Company Analysis
16.1 MealFood Europe S.L.
16.2 Livin Farms Gmbh
16.3 Jimini's
16.4 Entofood
16.5 Protix
16.6 Ÿnsect
16.7 Protifarm
16.8 BioFlyTech
16.9 Tiny Farms
16.10 Beta Hatch
16.11 Tebrito
16.12 Invertapro
16.13 Tebrio
16.14 Keil Co. Ltd
16.15 Rainbow Mealworms Inc
* "Financials would be provided to private companies on best-efforts basis."
Connect with our experts to get customized reports that best suit your requirements. Our reports include global-level data, niche markets and competitive landscape.
The Mealworm/Mealworm Protein Market is forecast to grow at 25% during the forecast period 2023-2030.
The Global Mealworm/Mealworm Protein Market size is estimated to be $150 million in 2023 and is projected to reach $1.3 million by 2030.
The leading players in the Mealworm/Mealworm Protein Market are Ynsect, MealFood Europe S.L., Livin Farms Gmbh and others.